Economy
World / Countries / MNCs
New York: A new report by the Economic Commission for Latin America and the Caribbean (ECLAC) unveiled on Tuesday, proposes that governments ensure immediate temporary cash transfers to help millions of people struggling to meet basic needs, as the massive fallout from COVID-19 ripples across the region’s economies. more
South Korea's employment reduces 476,000 in April over COVID-19

Seoul/Xinhua: South Korea's employment reduced 476,000 in April from a year earlier as companies encouraged employees to go on an unpaid leave or be laid off amid the COVID-19 outbrea ...

Amid COVID-19 outbreak, China starts trial of digital currency

Beijing: Amid financial meltdown globally due to COVID-19 outbreak,  China's central bank—People's Bank of China (PBoC)— recently introduced the trial of a homegr ...

World Tourism comes to a halt as 100% of countries impose travel restrictions

Madrid: COVID-19 has placed the whole world on lockdown, with new research from the World Tourism Organization showing that 100% of global destinations continue to have restrictions on tr ...

Emirates chief warns it may take 18 months for aviation sector to recover

Dubai: Keeping in mind the current situation emerging due to COVID-19 outbreak across the globe, gulf aviation giant Emirates on Sunday said it may take at least 18 months for travel dema ...

COVID-19 lockdown measures will worsen poverty, vulnerabilities among informal economy workers: ILO

Geneva : COVID-19 lockdown  and containment measures threaten to increase relative poverty levels among the world’s informal economy workers by as much as 56 percentage points ...

COVID-19: Job prospect for China's fresh graduates remain bleak

Beijing: China might be battling to regain normal life following the horrors of COVID-19 outbreak but the nation is waiting for a bigger challenge as job prospect for the youth, who are a ...

IMF approves USD 411Mln in emergency COVID-19 funding for Ethiopia: Statement

Washington/Sputnik: The International Monetary Fund (IMF) said in a statement on Thursday that it has approved emergency funding of $411 million for Ethiopia to help the country address t ...

US crude plunges 25 pc on fear country may run out of oil storage space

New York/Sputnik: US crude prices fell 25 percent on fear that the United States will run out of space to store its oil as supply flowed out of wells faster than producers could cut, leav ...

Economic impact of coronavirus threatens hard-won progress across Africa’s Great Lakes region

New York : Sweeping preventative measures seem to be curbing the spread of COVID-19 in the Great Lakes region of Africa, but the economic impact of the global pandemic threatens hard-won ...